Tanker Freight Charges Are Expected To Rise Quickly

Capt. John
Credit: Tomas Williams/Unsplash

According to the maritime group Bimco, freight prices for petroleum and goods will increase quickly in 2023 and 2024, mirroring the spike in rates that occurred in 2008, when they frequently exceeded $100,000/d.

Financial crisis

According to Bimco, demand for product tankers will increase by 4.5–5.5% in 2023 and 2-3% in 2024, while demand for crude tankers would increase faster than supply by 2.5–3.5% in both 2023 and 2024. Also, due to the EU embargoes on Russian...

https://mfame.guru/tanker-freight-charges-are-expected-to-rise-quickly/

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